Candlestick pattern

 Gravestone doji candlestick pattern || Trendy Treneds

A Gravestone Doji is a type of candlestick pattern that is formed when the opening and closing prices of an asset are the same or nearly the same, and are located at or near the low of the day. This creates a long upper shadow, giving the appearance of a gravestone. The pattern is considered bearish, as it suggests that the bulls tried to push prices up during the day but failed, and the bears were able to take control and push prices back down to the opening price.

Traders often use Gravestone Doji patterns as a signal to sell or short a security, as it suggests that the trend may be reversing or that there is resistance at the current price level. However, it's important to note that no single candlestick pattern can be used in isolation to make trading decisions. It's always necessary to consider other technical indicators and the overall market trend before making any trading decisions.

Chart Pattern PDF

Belt hold candlestick pattern || Trendy Trends

The Belt Hold is a candlestick pattern used in technical analysis to signal a potential trend reversal. It is a single candlestick pattern that can appear in both bullish and bearish markets.

In a bullish Belt Hold pattern, the opening price of the candlestick is at or near the low of the day, and the closing price is near the high of the day. This creates a long white candlestick with no upper shadow and a short or non-existent lower shadow, resembling a belt.

In a bearish Belt Hold pattern, the opening price is at or near the high of the day, and the closing price is near the low of the day. This creates a long black candlestick with no lower shadow and a short or non-existent upper shadow, resembling a belt.

The significance of the Belt Hold pattern depends on its location within the trend. If it occurs after a prolonged trend, it could signal a potential trend reversal. However, if it occurs during a consolidation phase, it may not be as significant. Traders typically look for confirmation from other indicators or patterns before making a trading decision based on the Belt Hold pattern.

Kicking candlestick pattern || Trendy Trends

The Kicking candlestick pattern is a two-candlestick pattern that can signal a potential trend reversal in technical analysis.

The pattern consists of two candles with opposite colors and a gap between them, indicating a sudden and significant change in market sentiment. The first candlestick is long and has a real body, while the second candlestick is also long but has no real body, meaning that it opens at the same level as the previous day's close (in a bullish pattern) or high (in a bearish pattern).

In a bullish Kicking pattern, the first candlestick is black or red, indicating a bearish trend, and the second candlestick is white or green, indicating a bullish trend. The second candlestick opens higher than the previous day's close, leaving a gap between the two candles.

In a bearish Kicking pattern, the first candlestick is white or green, indicating a bullish trend, and the second candlestick is black or red, indicating a bearish trend. The second candlestick opens lower than the previous day's high, leaving a gap between the two candles.

The Kicking pattern is considered to be a strong reversal pattern, as it indicates a sudden shift in market sentiment. Traders often look for confirmation from other technical indicators or patterns before making a trading decision based solely on the Kicking pattern.

Three Inside Up/Down Candlestick Pattern  || Trendy Trends

The Three Inside Up and Three Inside Down are two candlestick patterns used in technical analysis to signal a potential trend reversal. They both consist of three candles and can occur in both bullish and bearish markets.

The Three Inside Up pattern is a bullish reversal pattern that occurs after a downtrend. The first candlestick is a long black or red candlestick, indicating bearish sentiment. The second candlestick is a small white or green candlestick, which opens lower than the previous day's close but closes higher. This indicates a potential shift in market sentiment. The third candlestick is a long white or green candlestick, which closes above the previous day's high, confirming the bullish reversal.

The Three Inside Down pattern is a bearish reversal pattern that occurs after an uptrend. The first candlestick is a long white or green candlestick, indicating bullish sentiment. The second candlestick is a small black or red candlestick, which opens higher than the previous day's close but closes lower. This indicates a potential shift in market sentiment. The third candlestick is a long black or red candlestick, which closes below the previous day's low, confirming the bearish reversal.

Both patterns are considered strong reversal signals, as they indicate a sudden shift in market sentiment. Traders often look for confirmation from other technical indicators or patterns before making a trading decision based solely on the Three Inside Up or Three Inside Down pattern.

Three Outside Up/Down Candlestick Pattern  || Trendy Trends

The Three Outside Up and Three Outside Down are two candlestick patterns used in technical analysis to signal a potential trend reversal. They both consist of three candles and can occur in both bullish and bearish markets.

The Three Outside Up pattern is a bullish reversal pattern that occurs after a downtrend. The first candlestick is a long black or red candlestick, indicating bearish sentiment. The second candlestick is a small white or green candlestick, which opens lower than the previous day's close but closes higher. This indicates a potential shift in market sentiment. The third candlestick is a long white or green candlestick that opens above the previous day's high and closes higher than the previous day's close, confirming the bullish reversal. The third candlestick completely engulfs the first candlestick, which means it has a higher high and a lower low.

The Three Outside Down pattern is a bearish reversal pattern that occurs after an uptrend. The first candlestick is a long white or green candlestick, indicating bullish sentiment. The second candlestick is a small black or red candlestick, which opens higher than the previous day's close but closes lower. This indicates a potential shift in market sentiment. The third candlestick is a long black or red candlestick that opens below the previous day's low and closes lower than the previous day's close, confirming the bearish reversal. The third candlestick completely engulfs the first candlestick, which means it has a lower low and a higher high.

Both patterns are considered strong reversal signals, as they indicate a sudden shift in market sentiment. Traders often look for confirmation from other technical indicators or patterns before making a trading decision based solely on the Three Outside Up or Three Outside Down pattern.